Global coated abrasives market was valued at USD 10,233.3 million in 2016 and is expected to be valued at USD 14,671.2 million by the end of 2022 top key players are Saint-Gobain, 3M, CUMI, Sia Abrasives AG, KLINGSPOR, Hermes Schleifmittel GmbH, and VSM A

Global Coated Abrasives Market Information, By Types (Aluminium Oxide, Silicon Carbide, Zirconia Alumina, Ceramic Alumina, Emery and Garnet), By Application (Metalworking, Woodworking, Automotive, Electronics & Semiconductors, Aerospace & Defense, and Others) Market Synopsis of Global Coated Abrasives market:Abrasive can be defined as substance used for giving shape to any hard material by rubbing the material against the abrasives. The multibillion dollar abrasive industry is broadly classified into three main categories, bonded abrasives, coated abrasives, and super abrasives. Each category having nearly equal dominance in the industry. In terms of value share, the coated abrasives accounted for slightly above on-third of the global abrasives revenue. The impetus factors pulsating the growth of coated abrasives market includes, the augmenting demand for strong and durable tools for versatile applications such as cutting, sharpening and precise grinding across an array of industries.

Request For Free Sample- https://www.kennethresearch.com/sample-request-10042989

The demand for coated abrasives is concentrated among the various industries such as, metalworking, woodworking, automotive, electronics & semiconductors, and aerospace & defense among others, of which, the metalworking and woodworking industry accounts for nearly 60% of the overall revenue in the coated abrasives market. Furthermore, considerable spending on grinding wheels; USD 148 million in 2014, which is expected to reach approximately USD 220 million by 2020 can be further attributed to the rise of coated abrasives in the metalworking industry.

The economic slowdown in 2008, which had an adverse effect on the different business sectors such as, construction and automotive among other industries is regaining pace its pace. The housing market which crashed immensely during the crisis, especially in the developed markets like US and Europe is slowly regaining its pace, which in turn is boosting the demand for coated abrasives in the woodworking and construction sector in the developed markets. Also, the crude oil prices witnessed historic low, which in turn witnessed surge in automotive production both in the developing and developed nations. Altogether, considering the abovementioned factors, the global coated abrasives market is foreseen to grow substantially during the forecast period. According to MRFR analysis, the global coated abrasives market was valued at USD 10,233.3 million in 2016 and is expected to be valued at USD 14,671.2 million by the end of 2022, expanding at a CAGR of 6.3%. Global Coated Abrasives Market Share, by Region 2015 (% share)

Key findings
On the basis of types, aluminium and silicon carbide coated abrasives dominate the market in terms of value and volume, together both the segments account for 71.2% of the revenue share of the global coated abrasives market. Based on the applications, metalworking and woodworking segments accounts for largest market shares, together the segments account for more than one-third of the revenue generated in the coated abrasives market. Furthermore, the electronic & semiconductor segment offers lucrative opportunities with increasing demand for coated abrasives for precision grinding. Regionally, Asia-Pacific is the dominating market for coated abrasives followed by Europe and North America. Asia-

Request For Customization-https://www.kennethresearch.com/customization-request-10042989

Pacific market is expected to maintain its dominance throughout the forecast period in terms of value share, expanding at a CAGR of ~7%.
Key Players for Global Coated Abrasives market:
The global coated abrasives market is dominated by the tier 1 manufactures operating in the market, these players account for more the half of the revenue of global coated abrasives market. Some of the tier 1 companies among other players operating in the global coated abrasives market are Saint-Gobain, 3M, CUMI, Sia Abrasives AG, KLINGSPOR, Hermes Schleifmittel GmbH, and VSM AG among others.
Market Segmentation:

Global coated abrasives market is segmented on the basis of types and applications. On the basis of types, the market is segmented into –– Aluminium Oxide, Silicon Carbide, Zirconia Alumina, Ceramic Alumina, Emery, and Garnet of which aluminium oxide and silicon carbide accounts for significant market shares in the global coated abrasives market. On the basis of applications, the market is segmented into –– Metalworking, Woodworking, Automotive, Electronics & Semiconductors, Aerospace & Defense, and others. Metalworking segment accounts for the largest market share among all the applications.
Regional Analysis:
The report covers brief analysis of geographical region such as:
• North America
US
Canada
• Europe
Germany
France
Italy
U.K.
Rest of Europe
• APAC
China
India
Japan
Rest of Asia-Pacific
• Latin America
• Middle East & Africa
Among the aforementioned regions, Asia Pacific market dominates the global coated abrasives market, owing to the industrial penetration in the region, coupled with increasing automotive production. Also, the concentration of manufactures of coated abrasives and migration of Tier 1 manufacturers in the region are some of the protuberant factors for the regional dominance. Europe ranks second in terms of value and volume, primarily owing to the rebound in housing market and automotive production in the region.

Intended Audience
• Coated Abrasives Manufacturers
• Coated Abrasives Suppliers & Traders
• Abrasive Grain Manufacturers
• Market Research and Consulting Service Providers
DC Description:
• Coated Abrasives
• Aluminium Oxide
• Silicon Carbide
• Abrasive Grains
• Precision Grinding

Read More- https://www.kennethresearch.com/report-details/global-coated-abrasive-market/10042989

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us
1412 Broadway,
21st Floor Suite MA111,
New York, NY 10018

Name:David
Email:sales@kennethresearch.com
Phone: +1 313 462 0609

This release was published on openPR.